Polenergia Second Quarter 2024 Earnings: EPS: zł1.03 (vs zł0.70 in 2Q 2023)

Polenergia (WSE:PEP) Second Quarter 2024 Results

Key Financial Results

• Revenue: zł913.6m (down 34% from 2Q 2023).
• Net income: zł79.7m (up 71% from 2Q 2023).
• Profit margin: 8.7% (up from 3.4% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: zł1.03 (up from zł0.70 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Polenergia Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.7% growth forecast for the Renewable Energy industry in Europe.

Performance of the market in Poland.

The company's shares are up 4.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Polenergia (1 is significant!) that you should be aware of.

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